A total of 41.7 million smart bands and smart watches were shipped worldwide during the first quarter of 2022 according to Canalys data. 32 million of them were smart watches with the product category which experienced a growth of 15% compared to the same period last year. On the other side of the table, smart bands saw a 37% drop in shipments during the quarter, the sixth consecutive drop since the fourth quarter of 2020.
Apple shipped most smart watches in the first quarter of 2022 with a total of 9.2 million units. Cupertino also gained 22.1% of global market share thanks to strong demand for the Apple Watch Series 7. Huawei saw 4.6 million shipments and an 11% market share, while that Xiaomi handled 4.2 million shipments and a market share of 10.1%. Samsung came in fourth with 3.4 million shipments and a market share of 8.1%, while Fitbit saw 2.9 million shipments and a market share of 7%.
Shipments of smart watches and wear bands worldwide and annual growth
Seller
2022 first quarter shipments (millions)
1Q 2022 market share
2021 first quarter shipments (millions)
1Q 2021 market share
Annual growthApple 9.2 22.1% 7.6 17.6% + 21% Huawei 4.6 11.1% 4.9 11.2% -5% Xiaomi 4.2 10.1% 7.1 16.5% -41% Samsung 3.4 8.1% 3.4 7.9% -2.9% -7.1% -2.3% -7.1% Others 17.4 41.6% 17.2 39.7% + 1%
Total
41.7
100%
43.3
100%
-4%
Notes: Percentages may not add up to 100% due to roundingSource: Canalys Wearables Band Analysis (sales submissions), May 2022
Rising inflation levels are expected to reduce consumer spending, although demand for smart watches is said to have potential for growth due to its health benefits and the monitoring of smart watches. activity for consumers. Canalys analysts predict further declines in demand for smart bands with Xiaomi and Fitbit that will be severely affected.
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